HUFFINGTON POST: JPMorgan Chase says it has sold all of its exposure to short-term U.S. government debt out of its money market funds, following a similar move by other money market mutual fund managers.
The news comes a day after Fidelity Investments said it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit…
While JPMorgan Chase & Co. says it believes the probability of a U.S. government default is low, it’s taking precautionary measures to protect investors… (more)
